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Naspers CEO Considers Listing Some Businesses to Reduce Size

  • Africa’s biggest company worth less than sum of its parts
  • Mobile-payments technology seen as central to investment plan
Bloomberg business news
Van Dijk on investing "billions" of dollars in mobile payments and possible plans to list parts of the business.(Source: Bloomberg)
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Naspers Ltd. is considering the listing of certain parts of its sprawling global media and technology business outside South Africa as the continent’s largest company by market value seeks to reduce its size.

The company takes “very seriously” the difference in value between its stake in Chinese internet giant Tencent Holdings Ltd. and the firm as a whole, Chief Executive Officer Bob Van Dijk said in an interview on Thursday. Naspers’s weighting on Johannesburg’s stock exchange of more than 19 percent is also too high and forces some investors to reduce their holdings, he added.